AssureLease Selects Vanbridge LLC as Strategic Broker
NEW YORK, May 7, 2015 /PRNewswire/ -- Vanbridge LLC, an insurance intermediary, capital advisory and insurance and reinsurance management firm announced today that it has formed a strategic brokerage partnership with AssureLeaseSM, the leading provider of a Landlord controlled insurance program for residential properties, commercial space and student housing.
AssureLeaseSM provides real estate owners and/or management companies with a tailored insurance solution that addresses the limitations of traditional security deposits. This innovative financial risk product was designed for large scale properties and provides landlords with the ability to leverage their assets in a way that improves financial outcomes. By replacing a traditional security deposit with AssureLease's insurance solution, the risk of loss is spread over all tenants, eliminating the negative impact a tenant in default can have on the bottom line and replacing it with the distinct ability to create a net financial positive outcome. The program provides coverage in all 50 states as well as Canada and is underwritten by Torus Specialty Insurance.
"We are excited and proud to partner with Vanbridge as a strategic broker for AssureLeaseSM; they are extremely well positioned with a reach that extends across our entire client and prospect base," said Andrew D. Loughrane, President of AssureLeaseSM.
Vanbridge continues to hold a distinctive position in the market by virtue of its unique inter-disciplinary management team of industry experts and a very broad network of contacts. The combination of resources, along with those of their investors and other strategic capital partners, gives them the capacity to source, provide due diligence, advise, acquire and operate insurance related assets.
About Vanbridge
Vanbridge is an insurance intermediary, capital advisory and insurance and reinsurance management firm that provides products and services at the intersection of the (re)insurance, private equity and hedge fund industries. Examples include insurance and employee-executive benefit programs tailored to the needs of private equity funds and their portfolio companies: transaction solutions; origination and management of (re) insurance-related principal opportunities for investors; and (re) insurance-related advisory and product development services. Clients include private equity firms, hedge funds, insurers, reinsurers and banks.
SOURCE Vanbridge LLC
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